DSCR Calculator Excel: Free Download Template

debt service coverage ratio formula in excel

If you want to compare the DSCR of multiple companies, you can follow the same steps beginning in Row 4 for the second company name, followed by its financial data. As an example, let’s say Company A has net operating income of $2,000,000 for one year and total debt servicing costs equal to $300,000 for that year. Advisory services provided by Study Finance Investment LLC (“Study Finance”), an SEC-registered investment adviser.

debt service coverage ratio formula in excel

DSCR Formula Excel Template

debt service coverage ratio formula in excel

The lender will want to calculate the DSCR to determine the ability of the developer to borrow and pay off his loan as the rental properties he builds generates income. At this point, you’ve got a solid answer to the question “What is DSCR ratio formula? ” There’s a lot to know about what the DSCR formula is good for, how DSCR is calculated, and so on.

Why not just use cash flow from the cash flow statement?

In other words, if the asset generates $100 in CFADS in one period and spends only $70 on the Debt Service, it could optionally repay Debt principal with the remaining $30. In the example above, we find out that Company E is the company most at risk of not fulfilling its debt obligations. For instance, consider you are interested in acquiring a new property debt service coverage ratio formula in excel for your business and need a mortgage. The lender may require you to demonstrate the property’s ability to cover the debt from the mortgage using the DSCR. Suppose a commercial real estate (CRE) investor is requesting a 30-year loan from a bank lender to purchase an office building. For example, let’s say that a company wants to take on more debt to feed growth.

Commercial Real Estate Property Assumptions

The three main sectors that utilize the debt service coverage ratio are corporate finance, personal finance, and commercial real estate finance. If, as a result of the calculation, the debt service coverage ratio is less than 1, it means that the income received by the investor is less than their monthly debt obligations. In this case, you need to look for additional resources to cover interest on loan obligations.

What is the difference between secured and unsecured business loan

It is often considered the equivalent of earnings before interest and tax (EBIT). Several factors affect a company’s debt service coverage ratio, including the net operating income (NOI) and total debt service (TDS). Factors influencing the NOI include the company’s operating income, interest rates, debt structure, non-operating income and expenses, and business cycles.

Master financial modeling

Everything you’ll need to know about the DSCR formula is listed in this comprehensive guide. Excel will automatically highlight the cells in the formula calculation while typing. The following sections will discuss the DSCR meaning, calculation formula, pros and cons, examples, mistakes to avoid, etc. Some businesses require constant reinvestment in order to remain competitive.

  • When these borrowers began to default en masse, the financial institutions that had financed them collapsed.
  • For example, DSCR of .95 means that there is only enough net operating income to cover 95% of annual debt payments.
  • Basically, the cash portion of taxes owing (meaning any non-deferred portion) must be paid in order for the business to continue operating unimpeded by intervention from tax authorities.
  • A DSCR of less than 1 means negative cash flow, which means that the borrower will be unable to cover or pay current debt obligations without drawing on outside sources – without, in essence, borrowing more.

The debt service coverage ratio is a commonly used metric when companies and banks negotiate loan contracts. It is important because it measures a company’s ability to generate enough cash to meet its debt obligations. If the standard DSCR calculated for a company is 1 or more, it suggests that the company has a surplus of cash flow beyond its debt requirements. When the figure equals 1, the organization earns precisely what it needs to repay its outstanding loans. At last, if the ratio is below that 1, signifies that the company’s net operating income is insufficient to cover its debt payments indicating financial strains. The formula to calculate the debt service coverage ratio (DSCR) divides the net operating income (NOI) of a property by its annual debt service.

debt service coverage ratio formula in excel

How to Calculate the DSCR in Excel

Even though the DSCR is lower, the asset never falls below the minimum level. The numbers at the end look like ~0 or https://accompagnementhandisport.online/printing-deposit-slips-a-step-by-step-guide/ below because the Debt has been completely repaid by then. You can certainly calculate the DSCR for normal companies, but it is most common in Project Finance & Infrastructure Modeling. Commercial lenders prefer a higher DSCR, because that implies a greater margin of safety (i.e. “more room for error”). Therefore, the property has 25% of excess NOI, which can act as a buffer for unexpected underperformance. Enrollment is open for the Oct 6 – Nov 30 Wharton Certificate Program cohort.

debt service coverage ratio formula in excel

  • The DSCR ratio measures a company’s cash flow availability and compares it to its debt.
  • So, assessing an applicant’s financial health and creditworthiness is a useful metric, especially when they apply for additional debt.
  • The formula to calculate the net operating income (NOI) of a property is as follows.
  • This means that the company’s income can cover its debt payments at least once.
  • You can be certain that the lender will examine the property’s DCR carefully.
  • DSCR provides a more comprehensive view of a company’s ability to cover total debt obligations.
  • DSCR calculator excel tools assist investors, borrowers, and underwriters by standardizing analytics and creating confidence in repayment scenarios.

If your DCR is greater than 1.00 then the property does generate enough, with some left over. Let’s consider a hypothetical scenario where a real estate developer, ABC Developers, is seeking a mortgage loan from a local bank. We will calculate the DSCR using the formula and provide How to Run Payroll for Restaurants an overall calculation. Before calculating the debt service ratio, in Excel or Google Spreadsheet, we must first create the column and row heading names.

BADANIE UCE RESEARCH: w sklepach coraz drożej

Jak komentuje dr Piotr Arak z VeloBanku, stanowi to sygnał, że dynamika podwyżek cen detalicznych w Polsce wyraźnie zwalnia. To wskazuje na to, że presja inflacyjna w handlu detalicznym stopniowo wygasa. Natomiast Marcin Luziński z Santander Bank Polska spodziewa się, że dynamika wzrostu cen w dalszym ciągu będzie spadała i na koniec roku dotrze w okolicę 4% rdr. „INDEKS CEN W SKLEPACH DETALICZNYCH”, autorstwa UCE RESEARCH i Uniwersytetu WSB Merito, wynika, że w czerwcu br.

W ocenie ekspertów wpływ na wzrost cen w sklepach miały ostatnie ekstremalne warunki pogodowe. Przypomniano, że zniszczonych zostało około 25 tys. Hektarów terenów z produkcją roślinną. Innym czynnikiem, który wpływa na wyższe ceny w sklepach, są rosnące pensje.

Produkty z największym wzrostem cen

Ich podwyżki w tym roku mogą wynieść kilkadziesiąt procent. Zmiany związane z ochroną środowiska również negatywnie wpływają na ceny środków higieny osobistej – dodaje prof. Jankiewicz. – Wydaje się również, że sytuacja ta może być efektem specyfiki poszczególnych kategorii oraz szeregu innych czynników wpływających na poziom cen produktów do niej należących. Prawdopodobnie w kolejnych miesiącach sytuacja będzie wyglądała podobnie, ale nie ma powodów, aby liczba kategorii w których ceny spadają, gwałtownie wzrosła – zaznacza dr Fiks.

Ta decyzja może wreszcie zadowolić Donalda Trumpa. Taki będzie wpływ na rynki

  • Eksperci prognozują, że inflacja może w najbliższych miesiącach wzrosnąć, co oznacza, że ceny w sklepach nadal będą rosły.
  • Dynamikę wzrostu cen w tej kategorii zawyżają trzy produkty.
  • Wyniosła 138,36 zł i jest ona o 0,62 zł niższa niż w lipcu br.
  • – Sytuacja na rynku mięsa ustabilizowała się w ostatnich miesiącach głównie z uwagi na niewielkie zmiany ceny skupu żywca.
  • Dla przykładu, w ostatnich 5 miesiącach kawa zdrożała o prawie 30 proc., co mocno wpłynęło na całą kategorię.

Takie czynniki, jak wartość złotego i koszt transportu. Spodziewałabym się dalszego wzrostu cen w Systemy SRT Morskie wygrywa umowę 40 mln GBP z Narodowej Guard Coast tej kategorii – stwierdziła dr inż. Anna Motylska-Kuźma z Uniwersytetu Dolnośląskiego DSW.

Nastroje polskich konsumentów najlepsze od ponad pięciu lat. Dołek z pandemii prawie pokonany

Z kolei produkty sypkie zależą od cen zbóż, a te w ostatnim czasie są na minimach. Podobnie jest w przypadku cukru. Zarówno rynek krajowy, jak i światowy wskazuje na optymistyczne prognozy podażowe – informuje ekspertka z Uniwersytetu Dolnośląskiego DSW. Do tego analitycy z UCE RESEARCH przypominają, że w czerwcu br. Aż trzy analizowane kategorie były na minusie.

Załamanie produkcji budowlanej. Miała odbić dzięki KPO…

  • Dalej są ryby – o 5,3 proc., a także chemia gospodarcza ze średnią podwyżką 4,9 proc.
  • Dotyczyło to żywności, napojów bezalkoholowych i alkoholowych oraz pozostałego asortymentu, np.
  • – W czerwcu spadki dotyczyły głównie kategorii o dużej konkurencji i wysokiej elastyczności cenowej.
  • Teraz spadły na trzecie miejsce.

W TOP5 drożyzny widać też art. tłuszczowe (masło, margarynę, olej itd.) ze wzrostem rdr. Na poziomie 8,8%, warzywa – 8,6%, słodycze i desery – 8,4%, a także owoce – 8,2%. Z kolei najmniej zdrożały karmy dla zwierząt, produkty sypkie i środki higieny osobistej – o 0,2%, 0,3% i 0,4% rdr.

– Wędliny drożeją mocniej niż mięso ze względu na wyższe koszty produkcji. Dla obu kategorii znaczenie ma dostępność i cena surowca. Postulowane obecnie zmiany przepisów UE dot. Hodowli zwierząt mogą spowodować, że wędliny i mięso podrożeją w sklepach nawet o ponad 20% – ostrzega prof. Jankiewicz. Ceny w sklepach wzrosły średnio o 5,1% rdr. W lipcu zwiększyły się o 5,7%, a w czerwcu – o 5,8% rdr.

A najbardziej zdrożały warzywa, czyli o prawie 11 proc. Ceny owoców też mocno poszły w górę, tj. O ponad 10 proc., a napojów bezalkoholowych – o niemal 10 proc.

Niedługo będzie wiadomo, jakich cen będzie można się spodziewać w tej kategorii jesienią br. I na początku przyszłego roku – zaznaczył Szymański. Jak wskazano w Euro: EUR/USD (EUR=X) Are You an Average Trader raporcie, podwyżka cen słodyczy i deserów wynikała z wcześniejszych wzrostów kosztów cukru, kakao, energii.

Dalej w rankingu są ryby, które zdrożały o 9,3 proc. Potem widać kolejno art. dla dzieci ze średnim wzrostem rdr. Na poziomie 7,1 proc., wędliny – 4 proc., pieczywo – Dow Jones Industrial Average zatrzymany w zakresie 3,4 proc., mięso – 3,1 proc., środki higieny osobistej – 2,7 prc., produkty sypkie – 2,4 proc., a także używki – 2,4 proc. Na trzecim miejscu w zestawieniu są dodatki spożywcze (tj. ketchupy, majonezy, musztardy, przyprawy) ze średnią podwyżką o 6,2% rdr. Podrożały o 5,9%, a w kwietniu – o 11,7%.

Był to mniejszy wzrost niż w listopadzie, kiedy ceny poszybowały o 10,4 proc. „Największy wpływ na zmiany cen w tej kategorii ma wciąż nieustabilizowana sytuacja na rynku masła. Duży wpływ na poziom cen ma też globalny spadek produkcji roślin oleistych.

RILEY REID

She focuses on the positive impact she can have on her fans, emphasizing that she is committed to promoting sexual positivity, consent, and self-love through her work. Not content with merely being a performer, Riley Reid expanded her horizons by exploring other facets of the adult entertainment world. She delved into directing and producing projects that reflected her unique vision and creativity. This innovative approach not only showcased her entrepreneurial spirit but also cemented her position as a multifaceted talent in the industry. Her awards include the 2014 XBIZ Award for Female Performer of the Year and, in 2016, the AVN Award for Female Performer of the Year.

No matter what video she stars in, Riley Reid never fails to amaze her hardcore fans worldwide. Riley Reid is not only known for her work in the adult film industry but also for her philanthropic efforts and activism. She has used her platform to raise awareness about important issues and support various causes.

Despite facing some challenges in her early teens, including struggles with self-esteem and body image issues, Riley remained determined to pursue her passions and carve out her own path in life. AVN Award-winning adult film actress whose first film was released through Vivid Entertainment. Reid explained that she had ‘fully established’ herself in the porn industry when she decided to dial it back, which is why she had the courage to put her love life before work. It’s the pseudonym that Ashley Matthews has been using since the early days of her career in the adult industry, even though she hates her friends and family using it. Tom joined LADbible Group in 2024, currently working as SEO Lead across all brands including LADbible, UNILAD, SPORTbible, Tyla, UNILAD Tech, and GAMINGbible. He moved to the company from Reach plc where he enjoyed spells as a content editor and senior reporter for one of the country’s most-read local news brands, LancsLive.

Adult star Riley Reid opened up about her love and hate for the industry she has made millions from

While rumors and speculations have circulated over the years, she chooses not to confirm or deny any specific details about her dating life. This decision reflects her commitment to prioritizing personal boundaries and focusing on self-growth outside of public scrutiny. During high school, Riley discovered an interest in modeling and entertainment. She participated in local fashion shows and talent competitions, where her unique beauty and magnetic presence caught the attention of industry professionals.

Reid said that her job could easily cause things to get ‘really rocky’ between her and her significant other, due to their ‘insecurities’ about what she gets up to at work. “But I don’t know if our relationship would have been successful, or sustainable, if I was an active performer.” “I always want to quit for myself, so I made that decision and then I was able to meet Pasha. “It was like a choice that I made on my own, but I made that choice because I was lonely and I wanted love and affection. “It was really hard to reverse that and teach them that I’m Ashley. We’re also in LA, which is like a complicated city to date anyway.”

She said that although she understood that some men wouldn’t want to ‘take her to meet their moms’ because of her line of work, she was still left disappointed that people didn’t see past her career. However, Reid previously revealed that her X-rated career had seriously hampered her love life before she met her husband. Sitting down with Lee, she revealed she had been a stripper before entering the porn industry. “So I think that it’s like really nice to be able to get to know people’s most authentic version of theirselves.” Real name Ashley Matthews, the Miami native has won dozens of awards in her industry and officially put in to the AVN Hall of Fame this year. World famous adult star Riley Reid has revealed what she hates most about working in her industry of choice.

The Early Years of Riley Reid

  • Tom joined LADbible Group in 2024, currently working as SEO Lead across all brands including LADbible, UNILAD, SPORTbible, Tyla, UNILAD Tech, and GAMINGbible.
  • She actively collaborated with top studios and directors, showcasing her versatility and ability to bring characters to life on screen.
  • Her performances captivated audiences worldwide, solidifying her reputation as a true professional and elevating her status within the industry.

While Riley Reid is best known for her work in the adult film industry, her personal life off-screen is marked by a sense of privacy and discretion. She has expressed the importance of separating her professional persona from her personal relationships, preferring to keep details about her private life out of the public eye. She was an extra four or five times before she began as one of the regular girls, shaking her sexy ass on camera. Then Riley Reid started getting to give a guy a blowjob or eat a girl’s pussy. She danced as a stripper for a few months before shooting her first amateur porn video in 2011, going by the stage name Paige Riley. After establishing herself in the adult film industry, Riley Reid’s career began to skyrocket.

Riley Reid, Height, and Trademarks

Riley Reid has profoundly impacted the adult film industry since her porn debut in 2011. She is constantly pushing the boundaries regarding sex positivity and body acceptance, as well as paving the way for other girls and pornstars to achieve successful careers. Her influence has helped open doors for girls from all backgrounds to pursue their passions and goals within the porn industry. Riley Reid quickly rose to prominence in the porn industry due to her unique look, enthusiastic performances, passion for big cock, and willingness to do just about anything on camera. Since releasing her first video scene in 2011, Riley Reid has become one of the most popular pornstars in the industry, starring in over 600 hardcore and lesbian videos. Since entering the adult industry in 2011, Riley Reid has become an award-winning pornstar, featured in hundreds of adult hardcore, blowjob, interracial and lesbian videos.

Riley Reid Biography

Riley Reid is a hot brunette pornstar who’s been in the industry for quite some time. She is attractive, petite and slim, almost skinny-ish, with a hairy pussy and a radiating smile. Riley Reid is 5 feet 4 inches tall and is of mixed Irish, Cherokee, Chickasaw, Puerto Rican, Dutch and Dominican descent. Riley Reid prioritizes open communication and mutual respect in both professional and personal relationships. She values honesty, trust, and understanding in all aspects of her life, ensuring that those closest to her support and uplift her career while also providing emotional fulfillment outside of work. Riley Reid approaches criticism with grace and confidence, understanding that not everyone will agree with or understand her career path.

Get ready to uncover the untold truths behind the glamour and glitz, as we delve into the highs and lows of Riley Reid’s rise to stardom. Discover what drives this powerhouse performer, her impact on the industry, and why her story continues to captivate audiences worldwide. Reid, in 2023, began producing pornographic content for her own website, reidmylips.com, and operating a clothing line, Eighteen Plus.

Fans support Tyson Fury’s daughter Venezuela getting engaged at 16 as they follow tradition

The same year, she launched Clona, a pornographic AI model mimicking her personality, in 2023. Olivia is a journalist at LADbible Group with more than five years of experience and has worked for a number of top publishers, including News UK. She is a stereotypical reality TV addict, but still finds time for a serious documentary. As well as this, Reid realised that being an ‘active performer’ and dating new people doesn’t really mix very well – so she made a major career move. “There’s so many little things. Bank accounts will shut us down, there’s so many random things like that which I think as a society we could treat porn stars a bit differently.”

“Pasha’s come to set with me doing a girl-girl scene, and he was like, ‘It’s not as hot as you think it is with two girls being all hot and sexy’,” she said. But she insisted that despite her past partners presumptions about what shooting an adult film is really like, the reality of it is ‘not very sexy’. Although becoming extremely popular is the aim of the game for porn stars, Reid reckons that her notoriety had a very negative impact on her dating life.

Make Riley moan and scream with deep thrusts into her tight pocket pussy while you chat with her. Feel her fully through 4 mind-blowing pleasure chambers, each one created with a different 360-degrees ridged interior. She tries to save her sexual energy for her partner instead of masturbating alone. However, if Riley Reid does choose to masturbate, she is usually sexting with somebody else who is also masturbating. Riley Reid grew up with her parents and two siblings in a conservative household.

  • “But I don’t know if our relationship would have been successful, or sustainable, if I was an active performer.”
  • Olivia is a journalist at LADbible Group with more than five years of experience and has worked for a number of top publishers, including News UK.
  • Furthermore, Riley Reid’s legacy transcends boundaries as she has inspired a new generation of performers to pursue their dreams fearlessly.
  • In conclusion, Riley Reid’s legacy serves as a testament to the power of self-expression and sexual liberation.

Though young, Riley Reid has been nominated for multiple porn industry awards, including AVN Female Performer of the Year and XBIZ Best New Starlet Award. Throughout her journey in the adult film industry, Riley Reid has proven to be a versatile and talented performer who has left an indelible mark on the industry. Her dedication to her craft, coupled with her authenticity and passion, have endeared her to fans worldwide. She is easily one of the most iconic pornstars of all time and still a force in the porn industry. Thanks to her immense success both on screen and off camera, Riley Reid has become an inspiration for many people around the world who aspire to pursue their dreams.

With social network:

In conclusion, Riley Reid’s legacy serves as a testament to the power of self-expression and sexual liberation. Through her work and advocacy efforts, she has challenged societal norms and paved the way for a more inclusive and accepting adult entertainment landscape. Her influence will continue to be felt for years to come, leaving behind a lasting impact on both the industry and those who admire her courage. Through a combination of hard work and strategic career choices, Riley Reid’s star continued to rise. She actively collaborated with top studios and directors, showcasing her versatility and ability to bring characters to life on screen. Her performances captivated audiences chicken road game download worldwide, solidifying her reputation as a true professional and elevating her status within the industry.

When he’s not in work, Tom spends his adult life as a suffering Manchester United supporter after a childhood filled with trebles and Premier League titles. Speaking to host Michael Brandt, CEO of Ketone-IQ, he asked her what she loved and hated most about working in the adult industry. Now married to husband Pasha Petkuns, a Lativan free runner and social media star, they couple share one child, Emma, who was born in 2002. Furthermore, Riley Reid’s legacy transcends boundaries as she has inspired a new generation of performers to pursue their dreams fearlessly. Her authenticity, charisma, and dedication to her craft have set a high standard for professionalism in an industry often plagued by stigma.

In conclusion, Riley Reid’s legacy transcends beyond the screen; she is a symbol of empowerment and self-expression. Her story serves as a testament to the fact that with courage, perseverance, and authenticity, one can overcome obstacles and achieve success in any chosen field. Despite facing challenges along the way, Riley Reid’s determination and resilience propelled her towards even greater success.

Her willingness to push boundaries and take risks paid off handsomely as she garnered critical acclaim for her performances. With each new project, she continued to push herself creatively, ensuring that her journey to stardom was marked by continual growth and evolution. In 2013 and 2014, Reid won the XBIZ Awards for Best New Starlet and Female Performer of the Year, respectively, making her the first performer to ever win the awards consecutively. “I was like, ‘I’m not going to be able to find this while I’m performing because it makes dating really hard, so I’m choosing to do this for myself – but also for my future lover’.”

CMC, Grow a Spine

Instead, I’ll focus on small, tangible wins—like improving campus life with simple, practical changes that matter day to day.

After landing 73rd in the 2024 report following accusations of professors’ classroom speech being punished, CMC climbed to sixth place in the 2025 ranking. As your FOB president—Funniest On Ballot, Freshest On Board, or Free Office Boba—you’ll get humor, energy, and inclusiveness. Even if you don’t rank me #1, I’ll always be here to hear you out—whether it’s ranting about classes, policies, dining hall food, or the meaning of life. With so many passions and perspectives at CMC, we deserve a leader who can bring us together, not divide us.

Staying silent while the Trump Administration lays siege to higher education will not protect us. Michelle Alexander’s The New Jim Crow—assigned 4,309 times in classrooms since 2012—argues that though formal racial discrimination ended with the Civil Rights Movement, the carceral system has replaced the old Jim Crow. Critics like James Forman Jr., John Pfaff, and Michael Fortner argue that Alexander fails to consider favorable Black attitudes to incarceration and overemphasizes the role of drug convictions in prison growth. Despite criticisms of FIRE’s methodology, the organization’s broad reach and coverage have been celebrated for providing insights upon which to build better speech climates at American colleges. On the policy front, CMC earns a Green Light, particularly for its adoption of the Chicago Principles and commitment to institutional neutrality as far back as 2018.

CMC Class of 2029: First-Year Class President Statements

All of these authors have provoked pushback, with their critics raising subtle complications and, other times, offering full-throated rejections. The question remains whether these critics are being taught and, if so, at what frequency. Moreover, CMC is said to have “deplatformed” commencement speaker Salman Rushdie as its singular controversy, when the motivation behind Rushdie’s withdrawal remains unknown. These discrepancies may suggest that FIRE strongly weighs subjective student https://traderoom.info/cmc-markets-a-wholly-reliable-brokerage/ experience, or at the very least, receives much of its information from the FIRE-College Pulse surveys.

FIRE’s 2026 Free Speech Rankings: How the Claremont Colleges Fared

By no means should academics avoid teaching certain fashionable thinkers, Shields added. “The academy has always been…faddish and taken with certain intellectuals.” The concern lies in whether they are presented in conversation with critics or presented as infallible. Higher education through one-sided narratives has created “closed classrooms.” The Foundation for Individual Rights and Expression (FIRE), a premier First Amendment watchdog group, analyzed the climates of public and private colleges nationwide.

Philosophy is a “discipline whose pedagogical aims explicitly include exposing students to competing arguments,” the researchers state. Yet students are not made familiar with the heated debate between the two scholars. Huntington is only assigned in 758 of the courses that assign Said—less than five percent of the time.

The CMC First-Year Class President (FYCP) sits on the Executive Board of ASCMC and serves as a representative of the Class of 2029. The FYCP manages a budget of $3,000, which they can use to plan events and foster community within their class and across CMC’s student body. CMC’s neutrality on recent government interference in higher education is a far cry from the responsible leadership we preach.

  • I’m running for FYCP because I can actually bring this class together—not just as a slogan, but as action.
  • There are also pragmatic benefits to liberalizing these classrooms—even if such “controversial” courses are in the minority.
  • The CMC First-Year Class President (FYCP) sits on the Executive Board of ASCMC and serves as a representative of the Class of 2029.
  • Staying silent while the Trump Administration lays siege to higher education will not protect us.
  • CMC’s grade of 79.86 is the highest score of any of the colleges rated by FIRE.

CMC Class of 2029: First-Year Class President Statements

In such a crisis, it becomes the obligation of the university as an institution to oppose such measures and actively to defend its interests and its values. Claremont McKenna College claimed first place in the Foundation for Individual Rights and Expression’s 2026 Free Speech Rankings on Tuesday, while Pomona College clocked in at 247th of 257 colleges. The other Claremont Colleges’ placements spanned between the two, with all but CMC earning an “F” grade. I bring the perspective of an Italian-American who has lived abroad and seen how different ideas strengthen a community.

Shields says that many higher-education courses are uncontroversial in their subject matters, and often taught without issue. But the measure of a liberal institution is not how it teaches inoffensive issues, but how it prepares its students to grapple with the deeply polarizing ones. Interestingly, when critics are assigned in syllabi regarding all three topics, the most commonly co-assigned materials are the mainstream canon.

Instead, they read texts that reaffirm Alexander’s thesis; the texts most frequently co-assigned with The New Jim Crow are Angela Davis’s Are Prisons Obsolete? I largely agree with the Kalven Report and generally support CMC’s institutional neutrality. It protects the academic freedom of students and faculty and facilitates the open and constructive dialogue that CMC has made so central to its identity. Since the paper’s release, critics have questioned whether “closed classrooms” are the norm.

FIRE’s 2026 Free Speech Rankings: How the Claremont Colleges Fared

However, during our interview, Professor Shields was cautious to read too much into disciplinary differences. Though philosophy professors assigned Thomson with her critics more often than their non-philosophy colleagues assigned critics for their materials, such professors were in the minority. The “norm was not to assign her with her critics,” Shields observes, remaining uncertain whether other questions in philosophy would be presented any fairer. The next step was determining the canonical texts of each debate, with decisions made based on citation counts and the researchers’ own familiarity with the scholarship. The researchers chose Michelle Alexander’s The New Jim Crow (19,000 citations) on criminal justice, Edward Said’s Orientalism (90,000 citations) on Israel-Palestine, and Judith Jarvis Thomson’s “A Defense of Abortion” (3,000 citations) on abortion.

Professors Jon Shields (CMC), Yuval Avnur (Scripps), and Stephanie Muravchik (CMC) have recently released a working paper analyzing diversity of thought in American college syllabi. FIRE’s ranking is based upon their speech code ratings of “Red,” “Yellow,” and “Green” for each school’s policies, indicating the degree to which each policy promotes expression through clarity, content neutrality, and other measures. Survey data is also obtained in partnership with College Pulse—a community-based survey platform—to accompany the speech code ratings in the ranking process. For the 2026 report, 68,000 students were surveyed from January 3 through June 5, 2025. CMC cannot claim to value open inquiry, academic freedom, and responsible leadership if it stands silent while those principles are challenged. This article is not a call for partisanship or an end to institutional neutrality.

Through the “Open Syllabus Project” (OSP) database, the researchers had access to 27 million syllabi scraped from university websites dating back to 2008. “The surprising thing about the database is how little it’s been used,” Professor Shields noted in an interview with The Forum. With features tracking how often specific texts are assigned and paired with those expressing opposing views, the team could use this tool in an innovative way—to examine if syllabi fairly assigned both canonical texts and their criticisms. Second, I already know many of you—not just names, but your halls, teams, classes, interests, and backgrounds. From athletes to artists, scientists to lawyers, north quad to south quad, internationals to locals—I’ve listened to and laughed with you. Connecting with diverse people is my biggest joy, something I’ve done across 40 countries (Antarctica, I’m coming for you next).

  • “The academy has always been…faddish and taken with certain intellectuals.” The concern lies in whether they are presented in conversation with critics or presented as infallible.
  • The question remains whether these critics are being taught and, if so, at what frequency.
  • Moreover, CMC is said to have “deplatformed” commencement speaker Salman Rushdie as its singular controversy, when the motivation behind Rushdie’s withdrawal remains unknown.
  • Standing with our fellow institutions of higher education is not a declaration of partisanship.
  • Criminal justice and the Israel-Palestine conflict have been the two most polarizing campus issues for the past decade, Shields observed, whereas abortion is the most enduring issue in the broader American culture wars.

For instance, professors who assigned Forman assigned The New Jim Crow 82 percent of the time. And even if Alexander was not taught with her critics, the research team found that similar—sometimes even more radical voices—were often assigned in place of The New Jim Crow. There are also pragmatic benefits to liberalizing these classrooms—even if such “controversial” courses are in the minority.

Among these principles are the belief that universities must commit to individual freedom, open inquiry, and serve as a forum for diverse ideas. The Kalven Committee argued that universities that did not maintain neutrality endangered these principles. Of all the opposing texts co-assigned with The New Jim Crow, Forman’s essay “Racial Critiques of Mass Incarceration” was the most common. However, Forman was assigned only 149 times in the 4,309 syllabi that include Alexander. Simply put, only three percent of students reading The New Jim Crow have also read its top critic.

CMC Class of 2029: First-Year Class President Statements

As the semester ramps up and the Class of 2029 settles into college life, a familiar fleet of banners hang outside Appleby Hall. The First-Year Class President campaigns are in full swing, and six eager candidates are vying for the opportunity to represent the newest cohort of CMC students, promising events, food, community, and memories. Standing with our fellow institutions of higher education is not a declaration of partisanship. It is a reaffirmation of our principles, values, and unyielding dedication to academic freedom.

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